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Published on 4/28/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Baltimore calls $28.76 million public improvement, metropolitan bonds

By Melissa Kory

Cleveland, April 28 - Baltimore County of Maryland said it will redeem its $7.76 million of series 2001 consolidated public improvement bonds and its $21 million of 67th issue metropolitan district bonds.

The series 2001 bonds to be redeemed include:

• $1 million of 5.5% bonds due July 1, 2012;

• $1 million of 4.5% bonds due July 1, 2013;

• $1 million of 5% bonds due July 1, 2014;

• $1 million of 5% bonds due July 1, 2015;

• $1 million of 5% bonds due July 1, 2016;

• $1 million of 5% bonds due July 1, 2018;

• $1 million of 5% bonds due July 1, 2020; and

• $760,000 of 5% bonds due July 1, 2021.

The 67th issue bonds to be redeemed include:

• $3.5 million of 5.5% bonds due July 1, 2012;

• $3.5 million of 4.5% bonds due July 1, 2013;

• $3.5 million of 5% bonds due July 1, 2015;

• $3.5 million of 5% bonds due July 1, 2016;

• $3.5 million of 5% bonds due July 1, 2018; and

• $3.5 million of 5% bonds due July 1, 2020.

The bonds will be redeemed on June 1 at 101 plus accrued interest to the redemption date.

Wells Fargo Bank, NA is the redemption agent.


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